Author: Geoff Weitzel
-
Municipal Bond Credit Report: Population growth drives Texas local sales tax revenue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Amid a continuing population surge, local government sales tax allocations in Texas for June rose more than 10% over the same month last year to $782.1 million, state Comptroller Glenn Hegar said… Link to Story
-
Municipal Bond Credit Report: St. Louis readies $97 million deal with rating tailwinds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With one upgrade in hand and an airport privatization plan still on the table, St. Louis heads into the market Thursday with a $97 million deal after a brief delay due to a skirmish between the city’s comptroller and its mayor… Link to Story
-
Municipal Bond Credit Report: New Texas law tightens leash on local property tax rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New legislation restricting Texas local governments’ ability to raise property tax rates could stress municipalities’ creditworthiness, ratings analysts warn… Link to Story
-
Municipal Bond Credit Report: Illinois schools, municipalities benefit from state legislative feast
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Local Illinois governments came out on the winning side in the new state budget, capital package, gambling expansion, and legalization of recreational cannabis adopted during a whirlwind 2019 spring legislative session… Link to Story
-
Municipal Bond Credit Report: Puerto Rico Oversight Board says central government bondholders to get 36%-38%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Puerto Rico Oversight Board said that central government bondholders would be get recoveries of 36% to 38% in a move that will be the basis of its plan of adjustment… Link to Story
-
Municipal Bond Credit Report: How a Missouri county undermined lease appropriation debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Lease appropriation ratings could be at risk if the market sees a contagion effect after a judge validated Platte County, Missouri’s position that it’s under no legal obligation to make up debt service shortfalls on $32 million of appropriation-backed bonds, Moody’s Investors Service warns in a new report… Link to Story
-
Municipal Bond Credit Report: Richmond, California’s rocky road to recovery
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A three-notch upgrade will buoy Richmond, California, as it prepares to bring refunding bonds to market… Link to Story
-
Municipal Bond Credit Report: Puerto Rico board seeks legal action against municipalities, authorities over pension shortfall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Puerto Rico Oversight Board referred 10 municipal governments and three commonwealth-wide authorities for legal action over their alleged failure to transfer $4.5 million withheld from paychecks to their employees retirement accounts… Link to Story
-
Municipal Bond Credit Report: California lawmaker raises questions about tardy CAFR
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California lawmakers are weighing decisions on the $214 billion budget this year without the benefit of the state’s audited financial documents… Link to Story
-
Municipal Bond Credit Report: Detroit eyes bonds to replace federal dollars for residential blight program
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Detroit Mayor Mike Duggan plans to ask voters to support $200 million of bonds to help fully remove residential blight by 2024… Link to Story